Gold Royalty Corp. (GROY) Reports In-Line Q2 EPS, provides outlook

Gold Royalty Corp. (NYSE: GROY) reported Q2 EPS of ($0.01), in-line with the analyst estimate of ($0.01). Revenue for the quarter came in at $1.79 million versus the consensus estimate of $2.62 million.

2024 Outlook

As previously disclosed, the company expects to see further growth in Revenue in the second half of 2024 with strong commodity prices, the expected ramp up of Côté towards 90% of nameplate capacity by the end of the year, and the commencement of commercial production at the Vares Project in the fourth quarter of 2024.

The Company remains on track to meet its previously disclosed updated forecast for 2024 of between approximately 6,500 and 7,000 GEOs, which equates to approximately $13 million to $14 million in forecasted Total Revenue, Land Agreement Proceeds and Interest.

The 2024 foregoing outlook is based on an assumed gold price of $2,000 per ounce and copper price of $4.25 per pound and on public forecasts, expected development timelines and other disclosure by the owners and operators of the properties underlying our interests and our assessment thereof.

For earnings history and earnings-related data on Gold Royalty Corp. (GROY) click here.

You May Also Be Interested In

• Movano (MOVE) Misses Q2 EPS by 195c
• Boeing lands two U.S. defense contracts worth over $711M
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c